REGISTERED NUMBER: |
A&A Refrigeration Limited |
Unaudited Financial Statements for the Year Ended 30 September 2018 |
REGISTERED NUMBER: |
A&A Refrigeration Limited |
Unaudited Financial Statements for the Year Ended 30 September 2018 |
A&A Refrigeration Limited (Registered number: 05501489) |
Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
A&A Refrigeration Limited |
Company Information |
for the Year Ended 30 September 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3 Southernhay West |
Exeter |
Devon |
EX1 1JG |
A&A Refrigeration Limited (Registered number: 05501489) |
Balance Sheet |
30 September 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
A&A Refrigeration Limited (Registered number: 05501489) |
Balance Sheet - continued |
30 September 2018 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
A&A Refrigeration Limited (Registered number: 05501489) |
Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
1. | STATUTORY INFORMATION |
A&A Refrigeration Limited is a |
The company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The financial statements do not contain significant judgements or estimates. |
Turnover |
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and |
services to customers. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Office equipment | - |
Stock |
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow |
moving stock. Net realisable value is based on selling price less anticipated costs to completion and |
selling costs. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
A&A Refrigeration Limited (Registered number: 05501489) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
Hire purchase and leasing |
Rentals payable under operating leases are charged in the profit and loss account on a straight line |
basis over the lease term. |
Assets held under finance leases, which are leases where substantially all the risks and rewards of |
ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible |
fixed assets and are depreciated over the short of the lease term and their term and their useful lives. |
The capital elements of future obligations under the leases are included as liabilities in the balance |
sheet. The interest element of the rental obligation is charged to the profit and loss account over the |
period of the lease. Assets held under hire purchase agreements are capitalised as tangible fixed |
assets and are depreciated over the shorter of the lease term and their useful lives. The capital |
element of future finance payments is included within creditors. Finance charges are allocated to |
accounting periods over the length of the contract. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is |
any contract that evidences a residual interest in the assets of the company after deducting all of its |
liabilities. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
A&A Refrigeration Limited (Registered number: 05501489) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 October 2017 |
Additions |
At 30 September 2018 |
DEPRECIATION |
At 1 October 2017 |
Charge for year |
Eliminated on disposal |
At 30 September 2018 |
NET BOOK VALUE |
At 30 September 2018 |
At 30 September 2017 |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2017 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 September 2018 |
DEPRECIATION |
At 1 October 2017 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 September 2018 |
NET BOOK VALUE |
At 30 September 2018 |
At 30 September 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
and accrued income |
Prepayments |
A&A Refrigeration Limited (Registered number: 05501489) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
Hire purchase contracts |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans over 5 years | - | 6,616 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts | 29,489 | 45,173 |
Hire purchase contracts | 12,210 | 19,358 |
There is a debenture in place with National Westminster Bank PLC dated 22 February 2013. The |
amount secured by the debenture is for all the company's liabilities to National Westminster Bank |
PLC of any kind. |
A&A Refrigeration Limited (Registered number: 05501489) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
10. | RELATED PARTY DISCLOSURES |
Directors: |
A director of the company had a director loan with the company. At the balance sheet date the |
amount due to the director was £2,208 (2017 - £2,208). |
A director of the company had a director loan with the company. At the balance sheet date the |
amount due to the director was £9,400 (2017 - £9,400). |
Other related parties: |
During the year there was a loan outstanding due to Addicott Electrics Limited, a related party of the |
company. At the balance sheet date the amount due was £NIL (2017 - £1,667). No interest is payable |
on the loan. This balance was repaid by February 2018. |